According to the company, mudlog and multiple drillstem tests indicate the presence of two oil and gas pay zones exceeding 50ft in thickness with several others measuring between 10ft and 20ft in thickness.
During the initial completion stage, the company targets a 70ft (gross) oil and gas Pennsylvanian age formation, which is expected to produce both oil and gas.
Following the completion, the well will be production tested to determine rate, gas-to-oil ratio and pressure.
The company said that an assessment of the type and size of production facilities will be determined by testing, and due to the high gas cut encountered during drilling, a gas delivery line is already being assessed.
